Pittenger & Anderson Inc. Increases Holdings in Chubb Limited $CB

Pittenger & Anderson Inc. grew its stake in Chubb Limited (NYSE:CB) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,174 shares of the financial services provider’s stock after acquiring an additional 1,589 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Chubb were worth $19,938,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb in the third quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $32,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

CB has been the subject of several analyst reports. HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and raised their price target for the company from $370.00 to $373.00 in a research report on Monday, July 6th. UBS Group lifted their target price on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group boosted their price target on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Finally, Bank of America dropped their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $358.81.

Chubb Stock Performance

Chubb stock traded down $0.37 during midday trading on Friday, reaching $347.43. 1,718,637 shares of the company traded hands, compared to its average volume of 1,544,666. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $365.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day moving average of $329.91 and a two-hundred day moving average of $324.50. The firm has a market capitalization of $134.75 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, research analysts predict that Chubb Limited will post 26.76 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 14.41%.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Citizens JMP raised its price target on Chubb to $400 from $365 and kept an “market outperform” rating, signaling meaningful upside from current levels. Citizens JMP raises Chubb price target to $400
• Positive Sentiment: Wells Fargo also lifted its target on Chubb to $358 from $333, while maintaining an “equal weight” view, suggesting improved expectations even without a bullish stance. Wells Fargo raises Chubb price target to $358
• Positive Sentiment: Zacks highlighted Chubb’s capital deployment strategy, saying its steady dividends, share buybacks and reinvestment reflect financial discipline and resilience, which can support long-term shareholder returns. Zacks article on Chubb capital deployment
• Neutral Sentiment: Mizuho issued a positive forecast for Chubb, but later lifted its target only modestly to $352 while keeping a “neutral” rating, which is supportive but not strongly bullish. Mizuho positive forecast for Chubb
• Neutral Sentiment: UBS remained at “hold” on Chubb, reinforcing the view that some analysts see fair value at current levels rather than a clear breakout opportunity. UBS remains a hold on Chubb

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.